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MSNBCW 22
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Search Results 0 to 31 of about 32 (some duplicates have been removed)
MSNBC
Dec 26, 2012 11:00am PST
no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with cutting taxes. there is political liability for them as well. the reality is they have to get off of this no tax increase nonsense. i read in the "new york times" the other day, no republican member of congress voted for it since 1990. do you believe that? we had two or three wars since that time? a tragedy at 9/11 and we had hurricane sandy. we had hurricane katrina and despite all of these, they are unwilling to raise them to support and fund our government. what does it say about the dysfunctionality? >> we will have to leave it there. happy holidays to you. joining me now on the phone, congressman gregory meeks. congressman, i just saw you downstairs in the lobby about two or three hours ago and you were waiting on a phone call to determine when you might have to go back to d.c. to hammer out fiscal cliff matters. have you gotten the call yet? >> we are still waiting. >> no word as to when you guys are going back? no sense of urgency? >> i think there is a sense of urgencey and we have to
MSNBC
Dec 26, 2012 6:00pm PST
of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax increases are too little. they are what they are. and it's something to remember as we reach the edge and you hear a lot of complaints about the tax side of obama's offer. what he's asking for in terms of tax increases is not that radical, it's way less than if we don't reach a deal. contrary to what you may have heard, republicans want to raise taxes too. shocker, right? >> the superficial take on this, the argument between democrats and republicans is between democrats who love taxes, just want to tax everything. and republicans who totally grover norquist taxes, they hate them, that is not true. to a degree that kind of disturbs me, actually, the two parties mostly agree on keeping the bush tax cuts. up to $250,000 in income, which is a lot of income. republicans and democrats want to keep all the bush tax cuts.
MSNBC
Dec 29, 2012 12:00pm PST
, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's more skepticism about a deal getting done and it is still very early in this process and this is a fluid situation so it could change on a dime, but that's what's going on behind the scenes and the white house monitoring clearly, what's happening. >> what's the president doing today? >> reporter: well, he doesn't
MSNBC
Dec 27, 2012 6:00pm PST
's a fact about the law that's often missed even as we're arguing about raising taxes on rich peel. obama care does raise taxes on rich people to pay for health insurance for poor people. that is fact number one. number two, as you are ringing in the new year, think about the fact that health care for the poor will actually be improving this year. there are more than 50 million people on medicaid. medicaid is the main program e used to give health care to the poor and to the children in this country. medicaid is super cheap. it is way, way cheaper than private insurance or medicare. and in part it is so cheap because it pays doctors a lot less than those programs do. that means a lot of doctors, particularly primary care doctors, don't want to participate in medicaid or they can't afford to. so a lot of folks on medicaid have trouble actually getting care. doctors who accept medicaid coverage are going to see a 73 -- primary care doctors i should say. a 73% raise in 2013. which means those folks will have more access to more doctors. so we're not just expanding health care for the poor
MSNBC
Dec 28, 2012 12:00pm PST
as a tax hike and believing the bush rates intact and then calling it a tax cut and seems to matter to them and completely share the skepticism to sign off on anything you're talking about but from the democratic perspective, the reporting s suggests obama putting on the table is 250 refundable. like that would be included, too. unemployment insurance. the dock first. the amt fix. included in anything. no matter what. i guess my question is, when you get the added leverage of the bush tax cuts expiring and the country probably blaming republicans for it, what is the rush for obama right now to do a deal? >> reporter: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting
FOX News
Dec 29, 2012 1:00pm PST
i know. so now they squabble the tax hikes but now is time for president obama to be talking about raises in washington. who is going to get a bump in pay. new reports that secretary of state hillary clinton is returning after three weeks from recovering from a virus. now she is set to testify on the terror attack in libya that left four americans dead. the question that she will face when she goes to the hill. we'll talk about it. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have
MSNBC
Dec 28, 2012 6:00pm PST
obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say they need that much in t
MSNBC
Dec 28, 2012 9:00am PST
think it is fair to say had both moved relatively equally. but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has moved on that stimulus is zero from the last final comprehensive offer. what do you make of that pacting that we are not mere the 50-yard line anymore? >> we also add that not only has boehner month moved, he can't get his own caucus to vote on the plan he brought forward. we are not only talking about symbolic gestures here, we are talking about someone that not only has not been able to deliver his own votes but isn't particularly interested in working with nancy pelosi to get moderate democrats onboard. again, we are talking about very s
MSNBC
Dec 30, 2012 5:00pm PST
, talking to staffers on the hill, trying to get some movement in this process. now, president obama, taking real will a tough line on that issue of taxes, it's the big sticking point, has been all along and past negotiations, of course president obama has been criticized by democrats who say that he's given in too quickly on the issue of taxes. of course he campaigned on the issue of raising taxes on wealthier americans. so this time he's not backing down. so these negotiations have really been centered, to some extent, on that issue of taxes. the president really using his bully pulpit to try to pressure congress, congressional republicans, making a number of public appearances, include, of course, during that exclusive interview on "meet the press" today when he said that republicans are to blame for this fiscal cliff stalemate. chris? >> kristin welker, thanks to you and thanks to nbc's kelly o'donnell on the hill as well. more ahead this hour as we continue to cover the ongoing negotiations on the hill. why a small deal now would set up a big fight later. more on secretary of state hill
CNBC
Dec 26, 2012 6:00am EST
. >> right. do you macro look at the obama care taxes as being a headwind? >> sure. it's 3.8% on not marginal income tax rates. it's unearned income. but whether it's medical device tax, a question i was going to have for les is whether he sees any delays. do you see any delays in any of the implementations of these. obviously whether it's in minnesota with respect to the medical device tax, senators are talking about delaying implementation until they study this further. do you see that happening? >> seems unlikely. i mean, i know as an ex-minnesotan that they would love to see this tax go away. i'm not sure that that's in the cards. i think it's a fait accompli. it will take longer than people think leading to chaos. in 2014, states that don't expand to medicaid, it's going to leave people in the hole in 2014. i'm not sure how these people will afford insurance without the subsidies. that's 2014, we'll come back next year and worry about that. >> pharma tech has nothing to do with obama care. >> absolutely not. that's why it's done well, between drugs and interest rates. >> so it had nothin
MSNBC
Dec 29, 2012 11:00am PST
of it and we've seen president obama take this tactic before. during the payroll tax cut fight, you'll remember he ran out and talked to people in different states and tried to ramp up pressure congress in that way. last night president obama came out, addressed the nation and again tried to turn up the heat on congress by saying essentially that americans are fed up. he tries to bring the public into this debate to increase pressure, so certainly the interview on "meet the press," currently a part of that strategy and the president and his staffers watching these negotiations quite closely going on behind the scenes. >> kristen welker, thanks. we'll come back to you later. >> over to capitol hill now, luke russert is standing by. luke, what are you hearing, if anything, about progress today? >> reporter: this morning, craig, there were a hints of optimism and that's subsided to a degree. as kristen mentioned. there are sources close to the talks that say no deal has been reached and again, these negotiations are fluid. they go up and down. it's not an easy road to get to these things at the en
CNBC
Dec 24, 2012 6:00am EST
for. payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll tax number going up again? >> payroll tax, i think they're not going to extend it. so that goes up -- >> sooner or later they have to go up. >> that's $160 billion -- >> don't we need that money? >> funding social security. so it's very likely that that tax cut will not be extended into the new year. so there's a chance you have a mild recession, even in real terms, in the first half of next year. the good news, i think, my big prediction, i've had for awhile for whatever it's worth, i think we're developing a new nifty 50 in this country of very, very strong companies that are almost bond proxies. and i know a lot of people think they're expensive, but there's no other alternative. there's no other place to go. >> is the market priced appropriately for your estimation -- >> no, i don't think. >> for the first half of 2013. >> if you look at bottom of analyst estimates for 2013 they're still using 113, 114 for operating earnings, an 11% increase. that's with profit mar
CNBC
Dec 27, 2012 1:00pm EST
because of surcharges on medicare and a payroll tax surcharge because of obama care, am i right on that? >> you're right. if you look at it, incomes are really going to go back to where they were during the meltdown. the american economy will not have moved forward for many households. >> and the payroll tax holiday will end automatically. an immediate 2% cut to disposable take home pay. thank you, michelle? >> you say sequester, i say sequester. let's call it all off. >> the dow is trying to hold onto the 13,000 level. let's see if it can hold by 113 points. 13.79 as it grows increasingly clear that they may not, probably cannot get it done. hamilt hampton pearson is here. >> we're down to, if you will, coffee cup politics. two simple words, rise above, on coffee cups and on cups of coffee at all 120 starbucks locations here in the washington area urging lawmakers and the white house to do something with these final days to get some sort of deal. about 500 cups of coffee on what is arguably a slow day just to get that message out, and what we're really finding in talking and spending a
MSNBC
Dec 30, 2012 5:00am PST
, the budget impact will be as obama care gets implemented. the president to ris credit ran on tier taxes for the rich. he said he was going to do it and now he won the election and he's doing it. if they raise taxes on those 400 thigh, or million, it is a tax increase but that's an issue that they'll have to fight out. that 1990 budget tax increase still scars the republican party today. two decades later. they learned lessons, remember that george h.w. bush who we're glad to hear is recovering, was defeated running for re-election. that memory lasts a long time. >> the neerk times sa"the new yd it's been a long time. we have congressman keith from minnesota. from you're standpoint and from the standpoint of the house progressive caucus is there a bottom line? if the threshold is too high you won't support a deal? >> well, there are bottom lines. but the most important bottom line is -- no cuts to social security beneficiaries, medicare, medicaid beneficiaries. we need the defense department -- defense is going to have to share in what everybody cuts we see. the most well to-do people ar
MSNBC
Dec 28, 2012 2:00pm PST
can sell this to either their base or to the house at least as a tax cut, not a rise in taxes? >> chuck schumer brought up a good point. a key moment of these entire negotiations came on wednesday night when president obama calls mitch mcconnell, bring the republican leader in the process. what happens now is very important. as sam said, they'll be negotiating today and over the weekend in the senate. and if this $250,000 comes to the floor, if a few republicans attach themselves to what reid and obama agree to, then that means when it pose gophers to the house it has a much better chance of attracting republican support. if mitch mcconnell aligns republicans and tells everyone to oppose it in the senate republican conference, the chances of it succeeding in the house are pretty low. >> sam, is this the end of the road for grover norquist and his pledge? >> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the othe
CNBC
Dec 24, 2012 12:00pm EST
with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> as a practical matter it's already too late for employers to accurately withhold taxes from january paychecks unless there is no change. so workers will feel immediately that 2% hike in the social security tax in those first january pay checks. bill? >> hampton, good to see you. merry christmas. we'll see you later. >> merry christmas to you. >> our next guest says he is unlikely to support any deal the president and speaker can come up with. republican senator joe walsh from illinois joins us right
MSNBC
Dec 30, 2012 9:00am PST
forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction down 200 billion. then with the surging economy, you get $3 trillion in february before the debt limit is broken, then the economy is so strong it can take the grand compromise and roar into the next nine years. that's the grand compromise. >> i heard you use that reference of the bunny slope. we are about to hit the bunny slope as opposed to the fiscal cliff. this is from an article in the washington post. if an agreement is reached, taxes would go up a bit for the wealthy. there would be no changes to entitlement programs, medicare, social security, no grand strategy to race cash through a tax code. a fresh start for
MSNBC
Dec 28, 2012 10:00am PST
taxes on those over a million dollars. president obama said i'm ready to have a new type of chain to consumer price index which -- impacts entitlement reform. the bipartisan national debt commission, simpson-bowles commission, said for every dollar of spending reduction, including the entitlement reform we immediate to have $1 in tax revenue. that's the principle compromise we have to have. so they are not far off. what we have to have is very simple. $4 trillion in debt reduction by this one-third, two-third division. because that gives us a sustainable debt to gdp ratio so the economy can go booming again. so i believe those two men have the economies of our nation best at heart and have to come a little closer and a little $500 billion sounds like a lot. $2.5 trillion. we have to do both to have a principled come prom nice quickly, both of you, i start with you, do you think something gets done in the next few days? >> i'm afraid say that i don't think that we will avoid the fiscal cliff. i think we will go over and be debating this again in january and also i hate to say that,
NBC
Dec 30, 2012 6:30pm EST
obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the interview, republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role here in breaking this impasse? you have had a tough go with congress. >> david, at a certain point, if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall
MSNBC
Dec 26, 2012 2:00pm PST
ought to get this done for the middle class. i think obama was saying to boehner look, i don't need to give that. >> $700 billion just for getting the middle class tax through. just for that. yeah. >> this is what he told his members in the congress. because of stories like this, that can paint the picture to the voters that obama's not playing ball. >> trying to explain this to somebody from pluto. say in australia now. saying when congress wrote the cliff, defined it, spend cuts, increases on income, tax increase on state. they wrote it up as this horrible thing that nobody would want to face. either side, right? they designed it that way. now they're walking right over that cliff. over niagra falls. explain. >> it's like congress is on pluto and we're all on earth. they say they want deficit reduction. if you go over the cliff, you get deficit reduction, you just don't get it in the responsible, accountable way. it's like chopping off on arm. >> like says i want a shower, i'm going to niagra falls. >> they still can't get it done. we're dysfunctional. no other explanation. >> i t
MSNBC
Dec 26, 2012 7:00pm PST
release their voters to vote their conscience, they save americans from a tax hike. >> the gallup poll shows 54% approve of how president obama is handling the vote, 26% approve of how speaker boehner is handling negotiations. 45% democratic leaders approve and 26% gop leaders approve of how they're handling the situation. chief washington correspondent and political writer for the "new york times," and robert reich. he's also the author of "beyond outrage." john, you can tell us all the maneuverings and meetings that have gone on all day between the house administration and their staff. just catch us up on everything, john, all the big news that happened today. >> right here, lawrence. nothing. nothing happened. but i have to say, though, i'm still with bill crystal and that 50% tooth fairy crowd in thinking the republican leadership in the senate and then, as a result of that, in the house are going to decide that they've already taken enough punishment. the punishment will get worse after january 1st and that ultimately they will accept, at least temporarily, perhaps not as a perman
MSNBC
Dec 29, 2012 9:00am PST
for whose taxes are protected and whose goes up, the difference between president obama's proposal of 250,000, republicans at 400,000 probably. but also this idea that we can do a big deal right now. there's not enough time. and the to sequester these mandatory spending cuts to defense, there's not enough time to deal with those. that is a concern to many republicans, actually many democrats as well. that could be a final hiccup here even as we get closer on the tax question. >> so how are we supposed to do is then, christina? if we couldn't get it done at $1 million. speaker boehner couldn't get that done. is it going to look like a bipartisan agreement of over in the senate that's going to go to the house, may pass with bipartisan support and then that just makes speaker boehner look even worse than he has the past week or so? >> getting a bipartisan deal, i mean that's really an interesting question if it ends up making somebody look worse. what's interesting to me about the calculus in all of this, this little bit of political kabuki theater. in some case that's actually what it is. p
CNBC
Dec 27, 2012 6:00am EST
we get past this impasse? i think president obama's made some concessions already on the revenue number from $1.6 trillion to $1.2 trillion. on the threshold for taxes from $250,000 to $400,000. and indicated some flexibility on corporate taxes and other issues and c.o.l.a.s for medicare. so i think that there's some room here if we can just get the gop to make the movement on their side. they can't even get boehner to get agreement with plan "b" over there. i don't know what's going to happen. >> you wouldn't have done anything with plan "b." susan i was just talking to john kanas about the republicans just -- they can't win for losing here, they're like boxed into a corner. they're going to get blamed for something that maybe the other side was willing to do all along, and the republicans are going to be the one getting blamed and i don't think people are even going to realize that they're being had. >> they certainly fumbled the ball. and the fact is is that they did have an opportunity to really look like they were going to become the party of yes. and they at some point they
MSNBC
Dec 24, 2012 4:00am PST
away zip like pbs, i love big bird. i'll call it the economy tax. it's been crushing. i've been in business for 25 years. have i no idea what you're talking about. >> where was obama tonight? he went in there disarmed. what was romney doing? he was winning. >> you'll get your chance in a moment. i'm still speaking that wasn't a question, that was a statement. >> i don't look at my pension. it's not as big as yours. >> you said in the rose garden the day after the attack it was an act of terror. >> let me call it an act of terror -- >> can you say that a little louder, candy? >> he did call it an act of terror. >> hi a binder full of women. >> we also have fewer horses and bayonets. >> here's old moderate mitt. where you been, boy. i missed you all these last few years. >> if you can't change washington from inside the white house, then let's get you the plane ticket back to chicago you've earned. >> don't move. vote. voting is the best revenge. >> i ask people to vote for the love of country. >> it is election day, america. >> today's a huge day? >> yes, people are choosing on t
MSNBC
Dec 24, 2012 10:00am PST
as though president obama, house speaker john boehner were close to getting some sort of a grand bargain that would have addressed tax reform as well as deficit reduction. those talks, of course, fell apart. house speaker john boehner tried to get an alternative plan through the house. that didn't work out. now the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay ther
ABC
Dec 28, 2012 12:00am PST
in the white house. the white house is fully decorated now and the obamas will have a fun holiday this year. >> some republicans are pushing boehner to avoid the white house for blaming them for a crash on the taxes on the rich. >> the white house is ready for christmas. the first lady gave a tour of the presidential decorations and that is not it. >> how do you know? maybe they have been growing something in the garden. >>> the white house released their holiday card. it is a realistic painting. it's the obama family dog in front of the white house. the painting was done in black and white. it's based on a color photo. that's the original photo. it was a little too colorful for me. a very colorful. i think beau might be getting to the obama supply of centrum. speaking of the holiday spirit this is nice. this happened in thanksgiving. a station in kentucky was doing a live report from a shelter that does an annual thanksgiving dinner. keep an eye on what goes on in the background in tonight's edition of "behind the news. >> what are you thankful this thanksgiving? >> this thanksgiving i'm t
CNBC
Dec 28, 2012 9:00am EST
million and the tax rate goes to 55%. the capital gains tax rate, of course, is expected to increase from 20 to 30%. there's brand-new 3.9% medicare tax on high wage earners and a tax for wealthy donations. primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect he
MSNBC
Dec 27, 2012 3:00am PST
, but there still isn't the substance of an agreement. >> the mechanics, i mean, what we have -- on the obama side, you have an election that pretty much, you know, they took as a mandate, if you will, where, you know, the very issue of taxes was sort of legislative, and the americans basically said they agreed with the president, saying that taxes need to rise on the wealthy. and then you have the right wing of the republican party who won also by wide margins in many deeply conservative districts. and they think they have a mandate. so in a way, it's like the two mandates are canceling each other out. they each think that they are -- and that is why we're frozen. i don't know if it's been that way -- i don't know if the mechanics have been such that it has been so polarized to the point where it's been paralyzing. >> where they feel like they've each won. >> it doesn't baffle me, it sort of angers me is that the conservative republicans who won by overwhelming margins in their districts, the president's vote in state after state in the electoral college, it used to be in politics that there was
Search Results 0 to 31 of about 32 (some duplicates have been removed)